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Filing tables
Filing exhibits
- 10-K Annual report
- 4.2 Exhibit 4.2
- 10.18 Exhibit 10.18
- 10.20 Exhibit 10.20
- 10.24 Exhibit 10.24
- 10.26 Exhibit 10.26
- 10.27 Exhibit 10.27
- 10.29 Exhibit 10.29
- 10.30 Exhibit 10.30
- 10.31 Exhibit 10.31
- 12 Exhibit 12
- 21 Exhibit 21
- 23.1 Exhibit 23.1
- 23.2 Exhibit 23.2
- 31.1 Exhibit 31.1
- 31.2 Exhibit 31.2
- 32 Exhibit 32
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Exhibit 12
PHILLIPS 66 AND CONSOLIDATED SUBSIDIARIES
TOTAL ENTERPRISE
Computation of Ratio of Earnings to Fixed Charges
Millions of Dollars | |||||||||||||||
Year Ended December 31 | |||||||||||||||
2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||
Earnings Available for Fixed Charges | |||||||||||||||
Income from continuing operations before income taxes and noncontrolling interests that have not incurred fixed charges | $ | 6,624 | 6,619 | 1,314 | 843 | 4,111 | |||||||||
Distributions less than equity in earnings of affiliates | (872 | ) | (951 | ) | (723 | ) | (562 | ) | (106 | ) | |||||
Fixed charges, excluding capitalized interest* | 376 | 142 | 153 | 160 | 208 | ||||||||||
$ | 6,128 | 5,810 | 744 | 441 | 4,213 | ||||||||||
Fixed Charges | |||||||||||||||
Interest and expense on indebtedness, excluding capitalized interest | $ | 246 | 17 | 1 | 1 | 42 | |||||||||
Capitalized interest | — | — | 4 | 57 | 41 | ||||||||||
Interest portion of rental expense | 121 | 116 | 133 | 153 | 160 | ||||||||||
$ | 367 | 133 | 138 | 211 | 243 | ||||||||||
Ratio of Earnings to Fixed Charges | 16.7 | 43.7 | 5.4 | 2.1 | 17.3 |
* Includes amortization of capitalized interest totaling approximately $9 million for the year ended December 31, 2012. Amortization of capitalized interest for the years ended December 31, totaled approximately $9 million in 2011, $19 million in 2010, $6 million in 2009, and $6 million in 2008.